Composition of the Board

Arijit Basu is the Part- time Non-Executive Chairman of the Board and Independent Director of our Company. He holds a master’s degree in arts from the University of Delhi and has completed the course of Certified Associate of Indian Institute of Bankers. He has an experience of more than 40 years in the field of banking and financial services and was the managing director and whole-time director of State Bank of India (“SBI”). His career with the State Bank of India group spanned 37 years from December 1983 to October 2020. He was deputed by SBI as the managing director and chief executive officer of SBI Life Insurance Company Limited from July 2014 to March 2018. After retirement from the SBI, he has been serving on the board of various companies and in advisory roles. Presently, he is an independent director on the board of Prudential plc, and Peerless Hospitex and Hospital Research Centre Limited. He is a member of the advisory board of Razorpay and a senior advisor to Ares Management Corporation. He also serves as the chairman of the academic council of the college of supervisors of the Reserve Bank of India and is a member of the insurance advisory committee of the Insurance Regulatory and Development Authority of India. He was appointed to our Board of Directors with effect from June 1, 2021, and reappointed as part-time Non-Executive Chairman and Independent Director with effect from May 31, 2023.

Dr. Amla Ashim Samanta is an Independent Director of our Company. She holds a masters’ degree in science (biochemistry) and Doctor of Philosophy (science) from G.S. Medical College, University of Bombay. She has over 34 years of experience in the medical, banking and finance sectors. She was on the board of Directors of HDFC Bank Limited, Manappuram Finance Limited, HDFC Securities Limited., Samanta Organics Private Limited., and Ashish Rang Udyog Pvt Ltd. She is a director of Samanta Movies Private Limited., and Shakti Cine Studio Private Limited. She was appointed to our Board of Directors with effect from May 1, 2019, and reappointed as Independent Director with effect from May 1, 2024.

A.K. Viswanathan is an Independent Director of our Company. He holds a bachelors’ degree in commerce from University of Madras and he is a fellow member of the Institute of Chartered Accountants of India. He has passed various professional examinations like Certified Internal Auditor (registered under The Institute of Internal Auditors), Uniform Certified Public Accountancy, Certified Information Systems Auditors (registered under Information Systems Audit & Control Association), Certified Information System Security Professional (CISSP) examination. He has over 35 years of experience in the field of finance, Information Technology Audit and cyber security. He is a retired partner of Deloitte Touche Tohmatsu India LLP (“Deloitte”). He was also associated with S.B. Billimoria & Co, Ernst and Young, Bahrain Airport Services, Metito Universal Limited, Russel Metals, and Nexdigm Private Limited. He is an Associate member of Information Systems Audit and Control Association. He is a certified coach in Marshall Goldsmith Stakeholders Center for Coaching. He was appointed to our Board of Directors with effect from July 24, 2019 and reappointed as Independent Director with effect from July 24, 2024.

Arundhati Mech is an Independent Director of our Company. She holds a masters’ degree in arts (linguistic) from the Jawaharlal Nehru University, New Delhi. She has over 36 years of experience in the finance sector. She was associated with RBI and has worked in various capacities before retiring from the position of regional director. She was appointed to our Board of Directors with effect from February 11, 2022.

Jayesh Chakravarthi is an Independent Director of our Company. He holds a bachelors’ degree in engineering in electronics from the Bangalore University. He has completed his master in management studies degree from the University of Bombay. He has over 30 years of experience in the field of information technology. He is a former member of Bangalore Chamber of Industry & Commerce. He has previously been associated with Wipro Limited, Sun Microsystems, Inc., MindTree Limited and Fidelity Business Services India Private Investments. He is also on board of directors for Recast Technologies Private Limited. He was appointed to our Board of Directors with effect from January 25, 2024.

Jayant Purushottam Gokhale is an Independent Director of our Company. He holds a bachelor’s degree in commerce and a bachelor’s degree in law from University of Bombay. He is also a fellow member of the Institute of Chartered Accountants of India. He has over 41 years of experience in the field of audit, finance, accounting and taxation. He currently is a member of the committee of the RBI for merger / amalgamation of Urban Co-op Banks. He is a founder partner of Gokhale & Sathe Chartered Accountants, Mumbai. He was appointed to our Board of Directors with effect from September 16, 2024.

Bhaskar Sharma is an Independent Director of our Company. He also holds a master’s degree in science and a master’s degree in management studies from the University of Bombay. He also has completed the leadership development programme from the Institut Européen d’Administration des Affaires (INSEAD). He has over 21 years of experience in the field of marketing. He has previously been held leadership positions with Unilever and Red Bull India Private Limited. He was a partner at Social Venture Partners. He is on the board of directors of the Polycab India Limited and European Business Group (EBG). He is a member of the board of studies for courses at Narsee Monjee Institute of Management Studies, Mumbai. He was appointed to our Board of Directors with effect from September 16, 2024.

Jimmy Minocher Tata is the Non-Executive Director (Non-Independent) of our Company. He holds a bachelor’s degree in commerce from University of Bombay and master’s degree in financial management from Jamnalal Bajaj Institute of Management Studies, Mumbai. He is a qualified Chartered Financial Analyst. He has over 33 years of experience in the field of banking and finance. He has been associated with our Promoter, HDFC Bank Limited since 1994. He has previously been associated with Apple Finance Limited. He was appointed to our Board of Directors with effect from July 15, 2023.

Ramesh Ganesan is the first employee associated with the Company since September 3, 2007 as Manager under the Companies Act 1956 and designated as Chief Operating Officer and currently the Managing Director and Chief Executive Officer of our Company. He holds a bachelor’s degree in mechanical engineering from Annamalai University, Annamalainagar and completed his post-graduate diploma in management from Indian Institute of Management, Lucknow. He has also completed a course in international banking from the Bank of New York. He has over 32 years of experience in business development, banking, consumer finance and operations. He has in the past been associated with companies such as Countrywide Consumer Financial Services Limited and HDFC Bank Limited. He was also associated with Enam Asset Management Company Private Limited, Godrej & Boyce and Intelenet Global Services Private Limited. He was appointed as Chief Executive Officer of the Company on April 1, 2010 and then elevated to the role of Managing Director and Chief Executive Officer of the Company with effect from July 1, 2012, and further he was reappointed as Managing Director and Chief Executive Officer with effect from July 1, 2017 and July 1, 2022.